Press release
Archer to Present at the Morgan Stanley eVTOL/Urban Air Mobility Summit
PALO ALTO, Calif.--(BUSINESS WIRE)-- Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing
About this update from American Coastal Insurance Corporation
[{"type":"text","content":" PALO ALTO, Calif.--(BUSINESS WIRE)--\nArcher, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, announced today that it will present at the Morgan Stanley eVTOL/Urban Air Mobility Summit. Members of management will present on Wednesday, May 12, at 2:00 pm ET. A webcast of the event will be available at the link HERE.\n\nArcher has previously announced a merger agreement with Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company (SPAC), that would result in Archer becoming a publicly listed company.\n\nAbout Atlas Crest\n\nAtlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses and is sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. The management team is led by Ken Moelis, Chairman, and Michael Spellacy, Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. Atlas Crest priced its $500 million initial public offering on October 27, 2020.\n\nAbout Archer\n\nArcher’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA. To learn more, visit www.archer.com.\n\nForward Looking Statements\n\nCertain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and sim...